Adient plc (NYSE:ADNT) price on Friday, July 12, fall -0.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.07.
A look at the stock’s price movement, the close in the last trading session was $24.17. The PE ratio in trailing twelve months stood at 14.74. Turning to its 52-week performance, $46.51 and $22.93 were the 52-week high and 52-week low respectively. Overall, ADNT moved -11.64% over the past month.
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Adient plc’s market cap currently stands at around $2.16 billion.
Analysts have a consensus estimate of 3.84B for the company’s revenue for the quarter, with a low and high estimate of 3.73B and 3.93B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.88B, representing a -3.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ADNT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.44, with ADNT’s current price about -3.42% and -10.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.03, while 7-day volatility ratio is 2.90% and 2.90% in the 30-day chart. Further, Adient plc (ADNT) has a beta value of 2.19, and an average true range (ATR) of 0.77.
If we refocus on Adient plc (NYSE:ADNT), historical trading data shows that trading volumes averaged 1.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 93.70 million shares.
The 1.75% of Adient plc’s shares are in the hands of company insiders while institutional holders own 95.52% of the company’s shares. Current price change has pushed the stock -33.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ADNT stock continues to rise going into the next quarter.
